Data Shows “Smart Money” is Looking to Buy Bitcoin at $8,800

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It has been a rough past couple of days for Bitcoin and the rest of the crypto market, with bears forcing BTC to dive as low as $10,000 The support found just below this price region was significant, as BTC quickly bounced and ran back towards the upper-$10,000 region Bulls and bears have since reached an impasse, with the cryptocurrency consolidating as it attempts to garner some clearer directionality in the near-term One analyst is pointing to data that shows whales are looking to add to their BTC positions within the $8,000 region This means that a dip to here may be imminent in the coming weeks and months Bitcoin and the aggregated crypto market have been flashing some mixed signs in recent weeks. Despite seeing intense strength throughout the past month or so, BTC erased most of its recent gains when sellers forced it down to lows of $9,990…

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